September 9, 2019 / 9:00 AM / a month ago

Egypt plans $3-7 billion of international bonds in FY 2019-2020 -fin min

CAIRO, Sept 9 (Reuters) - Egypt aims to issue international bonds worth 3-7 billion dollars this 2019-2020 financial year, Finance Minister Mohamed Mait told reporters on Monday.

Egypt is also interested in diversifying issuance currencies to ensure hedging within the portfolio, Mait added on the sidelines of an economic conference in Cairo.

“We tried to issue bonds in yen and yuan last year but didn’t meet all the requirements, and will try again this year,” he said.

Writing by Mahmoud Mourad, Editing by

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